2620 E 3rd St Montgomery, AL 36107
Forest Park NeighborhoodEstimated payment $3,042/month
Highlights
- Wood Flooring
- Eat-In Kitchen
- Central Air
- No HOA
About This Home
Check out this beautifully renovated 6 unit multi-family building situated just off Zelda Rd near I-85! "The Teal House" features fully furnished studio apartments including full kitchens with appliances, tile bathrooms and luxury showers, refinished hardwood floors, new Mini-split AC systems, Common Laundry & Lobby area. High Speed Business Grade WiFi in the building as well. All units are currently leasing on the AirBnb platform as short term rentals and averaging a total of $6-7k per month for the building. Many opportunities here - you could continue on Airbnb, you could lease the units either short term to military students, traveling nurses, etc or long term to tenants looking for an annual lease with all the utilities and furnishings included. Or how about a house hack where you live in 1 unit and make your payment by leasing the other 5? Tour this one soon and get ready to own a great investment property with unlimited potential and upside!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $628
Year Built
- Built in 1935
Home Design
- Slab Foundation
- Stucco
Interior Spaces
- 2-Story Property
- Wood Flooring
- Eat-In Kitchen
Location
- City Lot
Utilities
- Central Air
- Electric Water Heater
Listing and Financial Details
- The owner pays for electricity, grounds care, insurance, pest control, sewer, taxes, trash collection, water
- Assessor Parcel Number 03-10-05-16-03-012-001000
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Insurance Expense $2,750
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,577 | $28,200 | $3,920 | $24,280 |
| 2024 | $1,384 | $28,200 | $3,920 | $24,280 |
| 2023 | $1,384 | $28,200 | $3,920 | $24,280 |
| 2022 | $629 | $17,220 | $3,920 | $13,300 |
| 2021 | $1,047 | $28,680 | $0 | $0 |
| 2020 | $1,047 | $30,800 | $3,920 | $26,880 |
| 2019 | $1,047 | $30,800 | $3,920 | $26,880 |
| 2018 | $1,047 | $28,680 | $0 | $0 |
| 2017 | $758 | $20,780 | $3,920 | $16,860 |
| 2014 | -- | $22,740 | $5,880 | $16,860 |
| 2013 | -- | $21,120 | $5,880 | $15,240 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/04/2025 10/04/25 | Price Changed | $570,000 | -8.1% | -- | |
| 09/04/2025 09/04/25 | For Sale | $620,000 | +103.3% | -- | |
| 09/21/2022 09/21/22 | Sold | $305,000 | -12.9% | -- | View Prior Sale |
| 09/16/2022 09/16/22 | Pending | -- | -- | -- | |
| 08/28/2022 08/28/22 | Price Changed | $350,000 | -18.6% | -- | |
| 06/17/2022 06/17/22 | Price Changed | $430,000 | -4.4% | -- | |
| 05/23/2022 05/23/22 | For Sale | $450,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $277,500 | None Listed On Document | |
| Warranty Deed | $277,500 | None Listed On Document | |
| Warranty Deed | $305,000 | None Listed On Document | |
| Warranty Deed | $305,000 | None Listed On Document | |
| Warranty Deed | $100,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Closed | $300,000 | New Conventional | |
| Previous Owner | $195,000 | New Conventional | |
| Previous Owner | $200,000 | Future Advance Clause Open End Mortgage |
Source: Montgomery Area Association of REALTORS®
MLS Number: 579712
APN: 10-05-16-3-012-001.000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable, but not guaranteed. Listing Information Copyright 2025 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than Ten-X are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.
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